KATHMANDU, May 15: The price of gold has increased by Rs 1,000 per tola in the domestic market on Wednesday.
The price of fine gold is set at Rs 138,400 per tola today, marking a significant rise from Rs 137,400 per tola yesterday. This increase is likely influenced by various factors such as demand, market trends, and global economic conditions.
Similarly, the price of standard gold currently stands at Rs 137,750 per tola, reflecting the overall bullish trend in the gold market. Investors and traders may be closely monitoring these price fluctuations to make informed decisions regarding their investments.
Furthermore, the price of silver has also witnessed an incline by Rs 5 per tola, reaching Rs 1,745 per tola today compared to Rs 1,740 per tola yesterday. The silver market, often influenced by similar factors as gold, continues to show signs of volatility.
These price hikes in the domestic market align with the increase in the international market, where gold is currently trading at $2,358.18 per ounce and silver at $28.54 per ounce. The interconnectedness of global markets has a direct impact on the prices of precious metals, creating opportunities and challenges for market participants.
